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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Denton Journal
Location
Denton, Maryland, United States of America
Date
Jul 25, 1947
Page
10
The article notes retailers reduce margins and costs to ease the cost of living. Markups in groceries and produce run around 10 percent with operating costs at 8 percent. Chains lead while independents follow, trimming the price spread between manufacturer and buyer to save billions for Americans. Inflation remains, but retailing aims to maximize consumer value.
Representative Ralph W Gwinn frames Taft Hartley as a bill of rights for labor asserting unions must be transparent, democratically run, and subject to fair hearings. He argues the measure protects individual workers from abuses by both unions and employers, while targeting racketeering and exploitation.
A reflective essay contrasts American freedom of opportunity with European and Latin American systems where government, cartels, and unions limit competition. It argues statism leads to centralized power, state dominance in the economy, diminished individual enterprise, and potential dictatorship, claiming the American model best distributes benefits to the masses.
The piece argues Prime Minister Clement Attlee voices concern over self-described liberals who would restrict liberties for economic aims. It warns that Britain’s Labor government, with expanded powers, risks undermining press and speech freedoms, free enterprise, and representative government, citing Lenin and Hitler as warnings that liberty fades under centralized control.
The United States News reports a troubled four to five year aid plan for Europe costing about 25 billion dollars. Cabinet rifts and cooling Congress, Europe needing dollars but wary of attached conditions. U.S. exports near 20 billion while imports run 8 billion annually, creating a large deficit and questions about long term investments and underwriting European recovery.
The piece notes that aid to Europe requires broad cooperation and warns of U S restraint amid Soviet power rivalries. It compares postwar loans to WWI with today’s larger sums, debt, and war-prep duties. It also questions American industry cash flow despite profits, citing heavy postwar expansion costs and tentative stock markets.
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